Housing prices may fall after govt moves green norms to purview of local bodies
Housing prices may fall as project approval is likely to be faster after government's decision to delegate powers to local bodies for compliance of green norms for 20,000 to 50,000 sq-mt projects, CREDAI said Tuesday.
The decision will also lessen the multiplicity of approvals that are usually needed to attain clearance and will lead to sustainable growth. Image courtesy: Reuters